Bookkeeping Services for Businesses in Chicago, IL
Small and mid-sized businesses (SMB) sometimes need a little help to ensure they are not losing profits or running away with costs. Hiring bookkeepers in Chicago like Lewis.cpa, a Chicago-based firm serving businesses nationwide, is an excellent first step.
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Full-Service Outsourced Bookkeeping
Outsourcing bookkeeping services to us enables your business to minimize the demands on the personnel directly employed by your company. The bookkeepers at Lewis.cpa can document and manage the following for your small or mid-sized business:
- Maintaining business books
- Payroll functions
- Audits
- Budgets and more
Reach out to the professionals at Susan S. Lewis, LTD to find out how our firm can help your business.
Our Bookkeeping Solutions
At Lewis CPA, we are committed to helping you and your business meet your financial goals. We provide your business with accounting and bookkeeping services in Chicago and nationwide.
Monthly Operating Statements
Get the financial statements you need monthly to run your business effectively. These documents include a monthly statement, a balance sheet, a cash flow statement, customized reports, and more.
Bank Reconciliations
Wondering where all your business’s money went at the end of the month? A bookkeeper can tell you with comprehensive cash reports, while also managing your bank accounts and reconciliations.
Budgeting & Forecasting Support
Our professionals develop a comprehensive budget and financial forecasts that are integrated into your accounting system. With this service, your business can better track finances and avoid unpleasant financial surprises.
Accounts Payable Services
Our bookkeepers can help simplify and streamline this process by reviewing invoices against contracts, entering data into your system, and communicating with your vendors so your business never misses a payment.
Accounts Receivable Services
Never forget an invoice again! A bookkeeper can help your business make sure the funds that customers owe your company for products or services have been properly invoiced and processed.
Accounting Software Setup
Ditch the paper books! Our bookkeepers use Quickbooks and other accounting software systems to keep your accounts up-to-date. Access reports from anywhere with the touch of a button, it’s all digitized.
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Keep your books in order
Relieve your headaches and frustrations, save yourself and your business time and energy by contacting our bookkeeping experts at Lewis.cpa.
Let us take care of your bookkeepingBookkeeping Services for Your Business
Outsourcing bookkeeping services for your business has never been easier and is cheaper than hiring in-house. Chicago small business bookkeeping services are here to help! We help clients in the Chicago area as well as nationwide. Our priority industries include:
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Retail is the sale of goods and services to customers. As retail services expand, small boutiques can grow into national brands. Our bookkeepers can help retailers keep more accurate books and meet their financial goals.
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Lawyers are very busy professionals that need to focus on serving the clients of the firm rather than keeping the books. Our bookkeepers are very adept at assisting law firms; we help them invoice clients so they can get paid.
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The construction industry has highly complex tax and accounting rules. Our bookkeepers are trained to help construction businesses navigate these financial areas. We serve construction companies throughout their project phases so they can finish the job and get paid.
Every non-profit organization must keep and maintain financial records. Doing it correctly, however, is time-consuming and difficult. Outsourcing a not-for-profit’s bookkeeping needs can help the organization ensure their financial records are compliant with state and federal rules.
Why Choose Our Audit Firm
Choosing a CPA firm that you can trust can feel like a daunting task. At Lewis.cpa, we have a full roster of certified professional accountants who are here to help you achieve your dreams.Working with us brings many benefits, including:
Remote services
Nationwide
Deep expertise
Solutions-driven
Our Bookkeeping Process
Bookkeeping is the recording of all financial transactions from the opening to the closing of the business. Generally, it follows these steps:
Understanding business accounts
Businesses may have lots of accounts and transactions to keep track of, so an experienced bookkeeper will first need to get up to speed on the company’s books.
Maintenance of books
Bookkeepers track receipts, invoices, petty cash vouchers, credit notes, and other documentation so your business is organized. They can also help improve financials with software like Quickbooks, NetSuite, Quicken, Xero, and more.
Recording transactions
A bookkeeper can track all transactions under the appropriate categories and then see how your business is doing by checking the debits against the credits.
Balancing the books
Bookkeepers collect all this information on the accounts, which is called the adjusted trial balance. If there are any discrepancies in the final balance, then the bookkeeper will need adjustments.
Preparing financial reports
Once the books are balanced, then the bookkeeper can determine the flow of money in each of your business accounts and create financial reports. Business owners can then make better decisions about their business based on this information.
Setting up software
General and Quickbooks Bookkeeping in Chicago can enable businesses to have a complete picture of their financial health. At Susan S. Lewis, our bookkeepers are adept at using multiple bookkeeping strategies and technologies, including Quickbooks, NetSuite, Quicken, Xero, and more.
Business Bookkeeping FAQs
Do I need a CPA or a bookkeeper?
“CPA” and “bookkeeper” are often used interchangeably but they are very different positions. A CPA has passed specific certification exams. CPAs prepare and review financial statements and prepare and file taxes as well as representing taxpayers in front of the IRS. In comparison, a bookkeeper is someone who keeps track of credit card statements, transactions, expenses, accounts receivable, and payroll, and provides reports on a monthly, quarterly, and/or yearly basis.
How much does outsourced bookkeeping cost?
The costs that businesses may incur for bookkeeping services may vary depending on the size of the business, the types of the transactions, the number of employees, and other factors. Outsourcing can cost between $500 and $2,500 per month depending on the number of transactions and complexity of the organization.
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Reach Out to Your CPA
At Lewis.cpa, we’ve been providing bookkeeping services for small and mid-size businesses (SMB) in Chicago, IL, and nationwide since 1986. Give us a call today to find out how we can help you!